US housing market is also one of those reasons, which served the sudden downfall of the nation’s economy. The housing market bubble is now in a phase of downturn and seems to continue in wailing numbers for some more time. Though the problem is not instantly resolvable, the Fed has started its plans to resurrect… Read More »
The world economic crisis began in the autumn of 1929 year. The crisis started in the autumn of the year of 1929. It is time of too much producing and low purchasing power. Most sever is the crisis in the USA. For 3 years production in USA reduced by half. The production of cars reduced… Read More »
Every country is eagerly waiting for completion of the US president elections. Many problems can be resolved after the election with new president decisions. At present many problems are prevailing in our world like financial crisis, increase in gas prices etc. In Manila, Philippines, people are waiting for subsidized rice, which is not sufficient for… Read More »
After two days house rejected the $ 700 billion bail out, senate is set to vote on rescue plan for financial institutions. Voting finished on Wednesday October 8, 2008. One of the committee member for house financial services said that, he voted against the bailout bill because he thought that it is a wrong solution… Read More »
The economy of Asia comprises more than 4 billion people (60% of the world population), living in 46 different states. Six further states lie partly in Asia, but are considered to belong to another region economically and politically. As in all world regions, the wealth of Asia differs widely between, and within, states. This is… Read More »